SERV vs SHIM: Correlation
Serve Robotics Inc. (SERV) and Shimmick Corporation (SHIM) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SERV and SHIM?
On 3 years of weekly data the SERV/SHIM correlation comes out at 0.58, moderate. The link has loosened recently: the 1-year correlation (0.20) runs below the 3-year figure (0.58). The 5-year figure is n/a, and annualized covariance runs at 13940.2 %².
Among the 20 assets we track against SERV, SHIM ranks #4 by 3-year correlation. The last year tells two different stories: SHIM led by 79.3 percentage points, -58.0% for SERV against +21.3% for SHIM. Note the risk asymmetry: SERV runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
SERV vs SHIM: side by side
| SERV (Serve Robotics Inc.) | SHIM (Shimmick Corporation) | |
|---|---|---|
| 1-year return | -58.0% | +21.3% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 186.9% | 120.7% |
| Beta vs S&P 500 | 1.18 | 1.54 |
| Max drawdown (3Y) | -92.4% | -82.2% |
| Market cap | $0.4B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SERV | SHIM |
|---|---|---|
| 2024 | – | -60.8% |
| 2025 | -23.1% | +12.7% |
| 2026 | -53.0% | +36.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SERV and SHIM good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SERV and SHIM?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.20 over the last year and n/a over 5 years.
Is SHIM a good diversifier for SERV?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: SERV correlations · SHIM correlations
